HR 6782
Auto Reenroll Act of 2022
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- Passed House
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Bill overview
The Auto Reenroll Act of 2022 aims to increase employee participation in retirement savings plans by requiring employers to automatically reenroll eligible employees in qualified or eligible automatic contribution arrangements every three years, starting after December 31, 2024. This legislation updates tax code and ERISA regulations to ensure that employees are periodically reminded and given the opportunity to participate in these plans. It simplifies the process for employers to manage automatic enrollment and encourages greater retirement savings.
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Primary sponsor
Kathy E. Manning
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